No, don't enter the Roth IRA again. The Roth entry forms are for those people who don't contribute through work. They just go to the bank and make a contribution. In a Roth IRA, you don't get to deduct your contributions. However, because Roth IRAs are funded with after-tax dollars (money that's already been taxed), you will pay taxes on your contributions but will not pay taxes when you withdraw them in the future, if you meet the age distribution requirements.

Question

When my W2 was entered at the beginning of the tax forms, and section for Roth was entered, do I put it in again on the Roth entry form?

Forum|Forum|5 years ago
March 11, 2021
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HelenC12

No, don't enter the Roth IRA again. The Roth entry forms are for those people who don't contribute through work. They just go to the bank and make a contribution.

In a Roth IRA, you don't get to deduct your contributions. However, because Roth IRAs are funded with after-tax dollars (money that's already been taxed), you will pay taxes on your contributions but will not pay taxes when you withdraw them in the future, if you meet the age distribution requirements.

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